Hard Money Lenders in Greater Cincinnati

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Hard Money Lenders in Greater Cincinnati

Sam McCormackBusiness Member
Real Estate Agent · Cincinnati, OH/NKY · Member since 2021 · 1k+ posts · 834 votes

Can I get some recommendations for hard money lenders that can do up to 80% of ARV in Cincinnati? Had people looking to flip but need more hard money contacts in my pocket. Thank you!

[email protected]859-443-4952
Sam McCormack Realtor
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  • Erik EstradaBusiness Member
    Lender · Member since 2022 · 6k+ posts · 1k+ votes
    3y
    Quote from @Sam McCormack:

    Can I get some recommendations for hard money lenders that can do up to 80% of ARV in Cincinnati? Had people looking to flip but need more hard money contacts in my pocket. Thank you!


     Hey Sam, 

    The max ARV for majority of hard money lenders is 75% of the ARV. You may be able to finance up to 85% of the purchase price, 100% of the renovations as long as the total loan amount does not exceed 75% of the ARV.

    [email protected]818-269-7983
    LuxePrivate Investments LLC 570 Reviews
    WebsiteView Page
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  • Ryan Davies
    Investor · Salt Lake City, UT · Member since 2019 · 339 posts · 126 votes
    3y

    We can help 

    Typically our lending partners programs are as follows:

    • Rates: 10% to 14% (Most Deals are 12%)
    • Terms: 1 Day - 24 Months (Most Deals are 6 months)
    • Fees: 2-5 points(%) of loan amount paid at closing (Most Deals are 3 points(%))
    • Minimum Loan Amount: $50,000 (For loans less than $200,000 we charge $2,000 up front before working the file)
    • Max Loan: 65-70% of After Repair Value(ARV)
    • 100% Rehab Financing Available (Most Deals require 20% of purchase price down payment or cross-collateral)
    • Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 10 business days)
    • We have private lending partners throughout the entire United States that cover the following states: AL, AZ, AR, CA, CO, CT, DE, FL, GA, HI, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, OH, OK, OR, PA, RI, TN, TX, UT, VT, VA, WA, WV, WI, WY.
    • NO PRIMARY RESIDENCES, NON-OWNER OCCUPIED ONLY, BUSINESS AND COMMERCIAL USE ONLY.
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  • AJ ExnerPro Member
    Lender · Springfield, MO · Member since 2023 · 661 posts · 320 votes
    2y
    Quote from @Sam McCormack:

    Can I get some recommendations for hard money lenders that can do up to 80% of ARV in Cincinnati? Had people looking to flip but need more hard money contacts in my pocket. Thank you!


     Hey Sam,

    Do you mean 80% on a purchase deal, or lending 80% ARV on a rehab deal? Most lenders will be at 70-75% ARV, but if you are just purchasing something, 80% is very doable, and if there is rehab needing to done they might even cover more.

    Would love to connect and talk more about it if you have some time!

    [email protected]417-427-2612
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  • Ryan Stuckey
    Lender · Member since 2022 · 217 posts · 149 votes
    2y
    Quote from @Sam McCormack:

    Can I get some recommendations for hard money lenders that can do up to 80% of ARV in Cincinnati? Had people looking to flip but need more hard money contacts in my pocket. Thank you!

    It will be difficult to find a purchase/rehab loan amount of 80% ARV these days. We (Longhorn) will go up to 75% and within that loan maximum cover 100% of purchase price and rehab.
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